Kiwi company fined for buying on behalf of overseas investor
The $175,000 penalty is the first issued against an associate of a foreign buyer.
An intermediary property buyer has been stung with a $175,000 bill for failing to seek approval for purchasing an asset in the first case of its kind.
In a prosecution brought by the Overseas Investment Office, Auckland High Court Justice Sarah Katz ordered Clevedon Kawakawa Road Ltd (CKRL) to
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